PEJ vs. AWAY
Compare and contrast key facts about Invesco Dynamic Leisure & Entertainment ETF (PEJ) and ETFMG Travel Tech ETF (AWAY).
PEJ and AWAY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PEJ is a passively managed fund by Invesco that tracks the performance of the Dynamic Leisure and Entertainment Intellidex Index. It was launched on Jun 23, 2005. AWAY is a passively managed fund by ETFMG that tracks the performance of the Prime Travel Technology Index. It was launched on Feb 12, 2020. Both PEJ and AWAY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PEJ or AWAY.
Key characteristics
| PEJ | AWAY | |
|---|---|---|
| YTD Return | 26.54% | 7.77% |
| 1Y Return | 41.41% | 25.62% |
| 3Y Return (Ann) | 1.69% | -9.31% |
| Sharpe Ratio | 2.32 | 1.26 |
| Sortino Ratio | 3.22 | 1.89 |
| Omega Ratio | 1.40 | 1.22 |
| Calmar Ratio | 1.34 | 0.50 |
| Martin Ratio | 14.11 | 5.56 |
| Ulcer Index | 2.91% | 4.64% |
| Daily Std Dev | 17.69% | 20.55% |
| Max Drawdown | -66.03% | -56.57% |
| Current Drawdown | -1.94% | -39.09% |
Correlation
The correlation between PEJ and AWAY is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PEJ vs. AWAY - Performance Comparison
In the year-to-date period, PEJ achieves a 26.54% return, which is significantly higher than AWAY's 7.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PEJ vs. AWAY - Expense Ratio Comparison
PEJ has a 0.55% expense ratio, which is lower than AWAY's 0.75% expense ratio.
Risk-Adjusted Performance
PEJ vs. AWAY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Leisure & Entertainment ETF (PEJ) and ETFMG Travel Tech ETF (AWAY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PEJ vs. AWAY - Dividend Comparison
PEJ's dividend yield for the trailing twelve months is around 0.40%, more than AWAY's 0.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEJ Invesco Dynamic Leisure & Entertainment ETF | 0.40% | 0.46% | 0.43% | 0.34% | 0.92% | 0.39% | 0.78% | 0.68% | 0.68% | 0.52% | 0.51% | 0.43% |
AWAY ETFMG Travel Tech ETF | 0.29% | 0.00% | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PEJ vs. AWAY - Drawdown Comparison
The maximum PEJ drawdown since its inception was -66.03%, which is greater than AWAY's maximum drawdown of -56.57%. Use the drawdown chart below to compare losses from any high point for PEJ and AWAY. For additional features, visit the drawdowns tool.
Volatility
PEJ vs. AWAY - Volatility Comparison
The current volatility for Invesco Dynamic Leisure & Entertainment ETF (PEJ) is 5.22%, while ETFMG Travel Tech ETF (AWAY) has a volatility of 5.73%. This indicates that PEJ experiences smaller price fluctuations and is considered to be less risky than AWAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.